GST BILL .
Query (Issue) Started By: – SHIVKUMAR SHARMA Dated:- 4-8-2016 Last Reply Date:- 5-8-2016 Goods and Services Tax – GST
Got 4 Replies
GST
Dear Readers,
Its a big day for all of us!!
Goods and Services Tax finally got the green signal to run on your life track.
After years of deliberation, the GST, touted as the biggest tax reform in Indian history since independence, has finally seen the light of day.
The Rajya Sabha today overwhelmingly passed the 122nd Constitution Amendment Bill to facilitate rollout of the Goods and Services Tax (GST) in the country with 203 votes in favour and none against, after a seven-hour debate during which a rare bonhomie was witnessed among the ruling and the opposition parties.
The G
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apprehension of members that Centre will have veto power in the proposed GST Council saying it would have only one third weightage in it.
Reply By KASTURI SETHI:
The Reply:
Main bottleneck is cleared. All decks are still to be cleared. Still State Assemblies will consume time. It may take more time for implementation than expected.
Reply By CS SANJAY MALHOTRA:
The Reply:
Dear Friends,
GST in India is a good move for all sections of society. Half way is through and lets hope best for states to make it operational by extending their support.
Reply By Ganeshan Kalyani:
The Reply:
Sir,
* The GST Bill is passed in Rajya Sabha on 03.08.2016.
* It will be sent to Lok Sabha to discuss and ratify the amendments made in Rajya Sabha.
*
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